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MetalsHigh impactAfter close

Silver price crash impacts Hindustan Zinc sharply

after close1 source ↓written by the desknot a recommendation

This drop
$121.64
per ounce triggered
$84.63
fall in Hindustan
12.2%
MCX fell
₹4,10,000
per kg
₹3,94,900

Global silver prices plunged over 26% on 30 Jan 2026, marking a record single-day decline. This drop from $121.64 to $84.63 per ounce triggered a 12.2% fall in Hindustan Zinc's stock, its steepest drop since January 2008. The volatility in the metals sector poses immediate risks for traders.

• Silver futures on MCX fell from ₹4,10,000 to ₹3,94,900 per kg.

• Hindustan Zinc is India's only listed entity directly exposed to silver prices.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 1 Feb 2026, 16:00 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

HINDZINC closed +7.0% on the day of the news, from ₹570.10 to ₹610.10; Nifty +1.1% over the same session; futures OI −1.7%.

Bulletin at 16:00 IST on 1 Feb 2026. Every change is measured from ₹570.10, the last close before it, on 1 Feb. Nifty 50 is measured over the same sessions.

  • HINDZINC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
HINDZINC closes around the bulletin against the close before the news, with Nifty 50 rebased to it507.39617.29727.20axis spans 43%before the news · 1 Feb570.10Nifty 50HINDZINCbulletinD0+1+3+527 Jan5 Feb16 FebFutures open interest, lotspeak 35,000Reference close ₹570.10. 16 sessions from 27 Jan to 16 Feb; the price axis spans 43 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before1 Feb₹570.10basebase
On the day2 Feb₹610.10▲ +7.0%▲ +1.1%+6.0 pp difference
+1 session3 Feb₹628.25▲ +10.2%▲ +3.6%+6.6 pp difference
+3 sessions5 Feb₹610.80▲ +7.1%▲ +3.3%+3.9 pp difference
+5 sessions9 Feb₹629.10▲ +10.3%▲ +4.2%+6.2 pp difference
Gap at the open, % · ₹
▼ −0.9%−5.07 on 2 Feb
Day's range, % · ₹
9.4%≈ 54 high to low
Volume on the day
1.52×the 20-session average
Futures OI on the day
▼ −1.7%−580 lots · short covering · price +7.0%
Futures OI open, lots
33,0002 Feb · 24 Feb expiry
Futures premium, ₹
+1.95+0.3% to spot
Puts per call, by OI
0.56from 0.53 the session before
Max pain
650from 650 the session before

Source NSE UDiFF bhavcopy · HINDZINC on the desk →

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